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Pulling Back 5.4% This Week, Jinzhou Port's SHSE:600190) Five-year Decline in Earnings May Be Coming Into Investors Focus

Pulling Back 5.4% This Week, Jinzhou Port's SHSE:600190) Five-year Decline in Earnings May Be Coming Into Investors Focus

本週回落5.4%,錦州港上交所股票代碼:600190)五年收益下降可能成爲投資者關注的焦點
Simply Wall St ·  2023/10/15 20:41

If you buy and hold a stock for many years, you'd hope to be making a profit. Furthermore, you'd generally like to see the share price rise faster than the market. Unfortunately for shareholders, while the Jinzhou Port Co., Ltd. (SHSE:600190) share price is up 25% in the last five years, that's less than the market return. Over the last twelve months the stock price has risen a very respectable 10.0%.

如果你購買並持有一隻股票多年,你就有希望盈利。此外,你通常希望看到股價上漲的速度快於市場。對股東來說不幸的是,雖然錦州港務股份有限公司(上海證券交易所:600190)股價在過去五年裡上漲了25%,低於市場回報率。在過去的12個月裡,該公司股價上漲了10.0%,漲幅非常可觀。

While the stock has fallen 5.4% this week, it's worth focusing on the longer term and seeing if the stocks historical returns have been driven by the underlying fundamentals.

儘管該股本週下跌了5.4%,但值得關注的是更長期的,看看這些股票的歷史回報是否受到了基本面因素的推動。

See our latest analysis for Jinzhou Port

查看我們對錦州港的最新分析

To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.

用巴菲特的話說,“船隻將在世界各地航行,但平坦的地球協會將蓬勃發展。市場上的價格和價值之間將繼續存在巨大的差異……”通過比較每股收益(EPS)和股價隨時間的變化,我們可以感受到投資者對一家公司的態度隨著時間的推移發生了怎樣的變化。

Jinzhou Port's earnings per share are down 8.5% per year, despite strong share price performance over five years.

錦州港的每股收益每年下降8.5%,儘管過去五年股價表現強勁。

Since the EPS are down strongly, it seems highly unlikely market participants are looking at EPS to value the company. Given that EPS is down, but the share price is up, it seems clear the market is focussed on other aspects of the business, at the moment.

由於每股收益大幅下跌,市場參與者似乎不太可能通過每股收益來對該公司進行估值。鑑於每股收益下降,但股價上漲,很明顯,目前市場關注的是該業務的其他方面。

It is not great to see that revenue has dropped by 20% per year over five years. So it seems one might have to take closer look at earnings and revenue trends to see how they might influence the share price.

看到收入在五年內以每年20%的速度下降,這並不是很好。因此,人們似乎必須更仔細地觀察收益和收入趨勢,看看它們可能會如何影響股價。

You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).

你可以在下面看到收入和收入是如何隨著時間的推移而變化的(點擊圖片可以發現確切的價值)。

earnings-and-revenue-growth
SHSE:600190 Earnings and Revenue Growth October 16th 2023
上海證交所:600190收益和收入增長2023年10月16日

If you are thinking of buying or selling Jinzhou Port stock, you should check out this FREE detailed report on its balance sheet.

如果你正在考慮買賣錦州港的股票,你應該看看這個免費關於其資產負債表的詳細報告。

What About The Total Shareholder Return (TSR)?

那麼總股東回報(TSR)呢?

Investors should note that there's a difference between Jinzhou Port's total shareholder return (TSR) and its share price change, which we've covered above. The TSR attempts to capture the value of dividends (as if they were reinvested) as well as any spin-offs or discounted capital raisings offered to shareholders. Dividends have been really beneficial for Jinzhou Port shareholders, and that cash payout contributed to why its TSR of 29%, over the last 5 years, is better than the share price return.

投資者應該注意到,錦州港的總股東回報(TSR)與其股價變化之間存在差異,我們在上面已經談到了這一點。TSR試圖獲取股息的價值(就像它們被再投資一樣),以及向股東提供的任何剝離或折價融資。股息對錦州港的股東來說確實是有益的,這種現金支付也是錦州港過去5年29%的TSR好於股價回報的原因之一。

A Different Perspective

不同的視角

It's nice to see that Jinzhou Port shareholders have received a total shareholder return of 10.0% over the last year. That's better than the annualised return of 5% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. It's always interesting to track share price performance over the longer term. But to understand Jinzhou Port better, we need to consider many other factors. Like risks, for instance. Every company has them, and we've spotted 3 warning signs for Jinzhou Port (of which 2 are a bit concerning!) you should know about.

很高興看到錦州港股東在過去一年中獲得了10.0%的總股東回報。這比過去五年5%的年化回報率要好,這意味著該公司最近的表現更好。持樂觀觀點的人可能會認為,最近TSR的改善表明,業務本身正在隨著時間的推移而變得更好。跟蹤股價的長期表現總是很有趣的。但要更好地瞭解錦州港,還需要考慮許多其他因素。比如風險。每家公司都有它們,我們已經發現錦州港3個警示標誌(其中兩個有點令人擔憂!)你應該知道。

We will like Jinzhou Port better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

如果我們看到一些大的內部收購,我們會更喜歡錦州港。在我們等待的時候,看看這個免費最近有大量內幕收購的成長型公司名單.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Chinese exchanges.

請注意,本文引用的市場回報反映了目前在中國交易所交易的股票的市場加權平均回報。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

對這篇文章有什麼反饋嗎?擔心內容嗎? 保持聯繫直接與我們聯繫.或者,也可以給編輯組發電子郵件,地址是暗示Wallst.com。
本文由Simply Wall St.撰寫,具有概括性.我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議.它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況.我們的目標是為您帶來由基本面數據驅動的長期重點分析.請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內.Simply Wall St.對上述任何一隻股票都沒有持倉.

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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